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New urgency for governance reforms at IMF and World Bank

The emergence of alternative multilateral financing institutions and mechanisms in Asia ought to be a wake-up call for politicians and policymakers in, particularly, the United States and Europe.

PHOTO: AFP

THE emergence of alternative multilateral financing institutions and mechanisms in Asia ought to be a wake-up call for politicians and policymakers in, particularly, the United States and Europe. The key message is that so long as the International Monetary Fund (IMF) and the World Bank remain